Verizon Wireless has unveiled Verizon Video, a new version of its video-on-demand (VOD) application for mobile phones. Verizon Video offers customers access to more than 250 current, full-episode TV shows and live streaming of major sporting and news events, powered by Verizon’s 3G/4G networks.

Verizon Video updates V CAST Video on select devices, and current V CAST Video subscribers will be prompted to update the app the next time it launches. After the upgrade, it will then appear under the name Verizon Video.

The Verizon Video app is powered by RealNetworks and is available now to download from Android Market on 4G LTE and select 3G smartphones.

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FCC Stands By Good Faith Forfeiture Numbers

The FCC reaffirmed its decision to impose a per-station penalty of $512,228 against 17 of the 18 broadcast stations that violated the Commission’s good faith standards by refusing to negotiate retrans

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